Land News Projects
Sign of the Times - Five cities bringing new life to abandoned sites
Estimates vary, but foreclosure listing company RealtyTrac approximated 261,255 homes in foreclosure in May of this year, almost double the number in May 2007. The Brookings Institution estimates that vacant and abandoned properties of all kinds— whether from foreclosure or not—occupy about 15 percent of a typical large city, an average of 12,000 acres.
Preying on Land-Developer identifies what the three leading buyers of land today demand.
For more than 18 months, the industry has been abuzz with talk about the billions of dollars in capital roosting in real estate. Private equity firms, global investment banks, insurance companies, foreign investors, even high net-worth individuals have all been posturing, waiting for that sweet moment when their return threshold and risk calculations will pencil out.
In the Zone: The development community debates the impact of inclusionary zoning
All eyes seem to be on Philadelphia. There, a newly-enacted inclusionary zoning (IZ) law has some developers worried about their future in the City of Brotherly Love.
Ground Control: Press Reset
For months, land has been seen as the residential real estate industry’s four-letter word. But as a new army of bank regulators work to recognize current appraisals–those that reflect the aggressive price reductions that builders and landowners are making in a desperate attempt to lighten their balance sheet load–it’s becoming increasingly obvious that a more appropriate four-letter utterance might be debt.
Nationals Ballpark Development
When the D.C. Nationals needed a home, a new stadium met the need. But will a reverse “build it, and [they] will come” approach succeed in L.A.?
